BTC Update 06/11/2024, 69202(+0.06%)
BTC Update 06/11/2024, 69202(+0.06%)
Journaling days: 59
BTC printed its lowest 69201.2 at 16:31/06/10/24
BTC printed its highest 70222.7 at 22:54/06/10/24.
Journal time: June 10th-June 11th. 7am-7am UTC+7.
The gap from the lowest to the highest is 1.47%. The current session's BTC lowest level is +0.06% compared to yesterday's lowest price.
BTC Prediction for 06/11-06/12
Short target: 70224
Long target: 67879
After calculating all the risks, the projection is valid from 10:30 a.m. 06/11 and expires at 07:00 a.m. 06/12/24 UTC+7.
Bias: Bearish
I would select the long target 70224 if I don’t have any unfinished positions.
However, considering all my unfinished auctions, my next new position is "Short" with a price target of 75000.
BTC Prediction for 06/10-06/11 (Update)#Final
Until the session expired, Bitcoin did not cross the "long line." The surprising thing is that Bitcoin indeed crosses the "short" line but only makes more than 1% unrealized profit if we do not consider the expiry of the prediction.
Bitcoin breached the 69881 target at 22:18 (06/10) and continued making a session high of 70222 at 22:54 or -0.48% drawdown. However, at 02:00 (06/11), the Bitcoin buying spree was exhausted, and the market decided to close the 69881 position.
Bitcoin's price continued to endure selling pressure and later broke the "untouched" long line at 08:52. At the time of writing the update, Bitcoin had already printed 67882, or +2.86% unrealized profit if the session is not closed at 07.00 a.m. this morning
BTC Prediction for 05/20-05/21 (Update)#22
Position (2): 70140. Limit order: Short.
#22. Up: +1.33%
#21. Up: +1.39%
#20. Up: +1.36%
#19. Drawdown:-2.85%, Unrealized profit: +2.47%
#18. Drawdown: -2.19%
#17. Drawdown: -2.4%
#16. Drawdown: -1.41%
#15. Drawdown: -0.33%
#14. Up: +4.05
#13. Up: +3.79
#12. Up: +4.9%
#11. Up: +4.23%
#10. Up: +4.29%
#9. Up: +4%
#8. Up: +2.6%
#7. Up: +2.52%
#6. Up: +2.3%
#5. Unrealized profit (Up): +4.9%
#4. Unrealized profit (Up): +5.6%
#3. Drawdown: -0.8%/ Up:+2%
#2. Drawdown: -2.84%/ Up:+1.38%
#1. Drawdown: Up: +1.76% / -2.18%
Take profit target: 65656 from previously 64000. When Bitcoin reaches the price target, it will also close my 05/16-05/17 short position.
BTC Prediction for 05/16-05/17 (Update)#26
Position (1): 66644. Limit order: Short.
#26. Drawdown: -5.09%
#25. Drawdown: -4.62%
#24. Drawdown: -4.26%
#23. Drawdown: -8.25%
#22. Drawdown: -7%
#21. Drawdown: -7.7%
#20. Drawdown: -6.3%
#19. Drawdown: -5.29%
#18. Drawdown: -2.7%
#17. Drawdown: -1.90%
#16. Drawdown: -0.08%
#15. Drawdown: -4.2%
#14. Drawdown: -3.3%
#13. Drawdown: -4.47%
#12. Drawdown: -4.98%
#11. Drawdown: -4.42%
#10. Drawdown: -4.46%
#9. Drawdown: -3.9%
#8. Drawdown: -5.2%/Up: +0.7%
#7. Drawdown: -6.1%
#6. Drawdown: -7.60%
#5. Drawdown: Up: +0.9%/ -7.54%
#4. Drawdown: -1.65%/Up: +1.21%
#3. Drawdown: -1.04%/Up: +0.21%
#2. Drawdown: -1.13% /Up: +2.3%
#1. Drawdown: -0.54% /Up: +3.1%
BTC crossed the first bearish target, 66440, at 18:59 (05/16) and the moderate bearish target, 66644, at 19:30. Considering the prediction active timing (10:00am), I take the moderate target in this journal.